Judges Scientific (LON:JDG) Shares Pass Below 200-Day Moving Average - Here's Why

Shares of Judges Scientific plc (LON:JDG - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of £103.63 ($134.90) and traded as low as GBX 9,320 ($121.32). Judges Scientific shares last traded at GBX 9,500 ($123.67), with a volume of 20,725 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JDG shares. Jefferies Financial Group assumed coverage on shares of Judges Scientific in a report on Tuesday, September 3rd. They issued a "buy" rating and a £122.30 ($159.20) target price on the stock. Shore Capital reissued a "house stock" rating on shares of Judges Scientific in a report on Thursday, September 19th. Finally, Berenberg Bank restated a "buy" rating and issued a £124 ($161.42) price objective on shares of Judges Scientific in a research report on Thursday, September 19th.

Judges Scientific Trading Down 1.1 %

The stock has a market capitalization of £624.16 million, a P/E ratio of 5,026.18, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. The stock has a 50-day moving average price of GBX 9,780.37 and a two-hundred day moving average price of £103.63. The company has a debt-to-equity ratio of 70.71, a quick ratio of 0.65 and a current ratio of 1.97.

Judges Scientific Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 10th will be issued a GBX 29.70 ($0.39) dividend. This represents a yield of 0.29%. The ex-dividend date is Thursday, October 10th. Judges Scientific's dividend payout ratio (DPR) is currently 5,130.89%.

Insider Buying and Selling at Judges Scientific

In other news, insider David Cicurel sold 60,000 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of GBX 1,000 ($13.02), for a total value of £600,000 ($781,046.60). In other Judges Scientific news, insider Bradley Leonard Ormsby sold 230 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 8,900 ($115.86), for a total value of £20,470 ($26,646.71). Also, insider David Cicurel sold 60,000 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of GBX 1,000 ($13.02), for a total value of £600,000 ($781,046.60). In the last ninety days, insiders have sold 86,021 shares of company stock valued at $304,482,400. 18.75% of the stock is currently owned by company insiders.

Judges Scientific Company Profile

Judges Scientific plc designs, manufactures, and sells scientific instruments. The company offers engineering teaching and research equipment for universities, colleges, schools, and research centres; and research and development systems for food, beverage, dairy, edible oil, and pharmaceutical industries.